Young martie's calls on the POG have been pretty good as far as trend is concerned. I prefer to listen to him for the time being. No inflation (except asset prices) means the POG is going nowhere for the time being.
So Martie lost some money for the Japanese - but it was only paper money which they were creating out of thin air - to where it vanished. Too bad that their bad loans remained on the banks' books for many years - which is why they were called zombie banks. In any case they were using Martie's services to try to recover trading loses which were impossible to recover from - hiding behind the veil of foreign incompetence was better than admitting they had stuffed up.
If China's ponzi financial system blows up due to its crazy financing of real estate then gold will get its bottom kicked harder as Chinese demand for gold drops faster than a tonne of bricks.
loki (Go Martie and sock it to the goldiebugs one more time. Yeah gold will go up again at some point, but this is not the time. Second half of 2015? Maybe.)
